World gold rebounded as the dollar's momentum slowed down
The world gold price stood at 1,901 USD/ounce, up 5 USD/ounce over the same hour last morning. After hitting a 5-month low, short-term compensating and bargain-hunting by investors are believed to have helped gold prices recover.
The world gold rose again in the context of the USD's momentum slowing down and US bond yields turned to decrease slightly. The drop in US bond yields from a 16-year high also helped push gold prices back up.
The world gold rose again in the context of the USD's momentum slowing down and US bond yields turned to decrease slightly. The drop in US bond yields from a 16-year high also helped push gold prices back up.
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- US asks China to be more transparent on economic data amid slowdown - Financial Times.
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US bank Evercore: The Fed's tightening of monetary policy ended the golden age of investment.
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🔹Wagner fighters started moving from Belarus towards Russia.
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The BRICS will move forward using the trading currency below the dollar.
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